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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we have a pretty good caucus now. there's a real strong jim demint influence in our caucus. >> great stuff. senator rand paul, kentucky, thank you sir. all the best. >> thank you. >>> so besides praising jim demint, senator rand paul said something very interesting. he said he will not vote for a filibuster. he said, let larry reid, no filibust filibuster, 51 vote, simple majority and then he will vote no and let the democrats have the onus of the big tax hike. quite interesting. now here's a political threat. is the republicans at risk of becomin
he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we...
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. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business
. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before...
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the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for real money gaming license in nevada which the company says will take as much as 18 months to get approved. but we have to remember that onl
the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game...
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they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are concerns. the minute you touch this jittery topic of the politics here in italy, the market gets very, very concerned. so what has come out officially by the president of italy is that he's officially not calling a consultation for monti at this point. his statement last night was that he wants parliament to act responsibly and sensibly. so right now he's just making this warning. so so at this point, there is not a crisis in the government, but the pdl dismantling the party and creating tension. >> claudia, who at the moment is -- which of parties would get the most seats in terms of polls and stuf
they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are...
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i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if the coin flip comes up. so i think that eat big problem right now. >> i initially read the "new york times" piece about boehner gaining some backing of the house. it's basically saying the guys that wouldn't have gone along with them before in caving are now ready to careful with them. so it's like the same article. >> i think it's 50/50 that we don't get that. i'm not exactly sure that the president doesn't think that if we question over the cliff, that he can blame that on republicans. and then try to fix it next year. but from a position of money. >> secretary geithner said they're ready to go
i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we shouldn't have tax increases in this country no matter what, no matter how, no way. then we'll have republican tom cole on, who broke ranks with the republican party, who says, let's extend the bush tax cuts for people making under $250,000 a year and do the rest of it later. something sort of like what the president had put forth. so both of those sides tonight. and then we'll talk about the movie "zero dark 30," already getting oscar buzz, about the raid and capture of osama bin laden. there was all of this concern about whether there was classified information that was lin
she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we...
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to cut crime or save an election? what we do know is the money was spread out on chicago's south and southwest sides. the idea? get communities involved to stop the violence. >> nri! nri! >> how? on this chilly afternoon teenagers across chicago's south side are paid to hand out flyers, and spread a message of nonviolence. the nri is credited with creating about 3,500 temporary jobs, mentoring youth and parents, providing re-entry services and counseling in schools, but our four-month investigation found the jobs not only included handing out those flyers, but also attending yoga class, taking museum field trips, even marching with the governor in a parade. the jobs are now gone. cnn has taken an extensive look at where the money went, what it did, and most importantly, the timing of how the program was rolled out. the neighborhood recovery initiative began sending money to tough neighborhoods in the city of chicago right before chicago voters went to the polls. according to these minutes from a state meeting, a membe
to cut crime or save an election? what we do know is the money was spread out on chicago's south and southwest sides. the idea? get communities involved to stop the violence. >> nri! nri! >> how? on this chilly afternoon teenagers across chicago's south side are paid to hand out flyers, and spread a message of nonviolence. the nri is credited with creating about 3,500 temporary jobs, mentoring youth and parents, providing re-entry services and counseling in schools, but our...
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which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white house now presented a here. how long do we have to wait for the republicans to come forward with the there? >> well, i think what we're going to end up with probably is a smaller here that gets us to something that they're going to need to work on in the
which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step....
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another reason might be the presidential elections in south korea, which are december 19th. maybe they want to influence or disrupt them. the third is the traditional north korea action to get attention. here we are. we've been out of the headlines, middle east, gaza, rockets there, we're back. and this is what we're capable of doing. those are the three potential reasons that i see. one most likely being kim jun jung-il. he wants to show his people that he governs a powerful nation that wants to show it's nation. >> he is approaching, as chris said, the first anniversary of his rule. how should the international community react when this launch takes place, assuming it's successful. >> i would say the launch will happen. obviously, it's a test of missile technology. the international community, the security council, will invoke more sanctions, the united states and south korea will pursue individual sanctions, it's an act of defiance, but i have said before on your program, that there is something about this guy that may be educated in the united states, educated in switzer
another reason might be the presidential elections in south korea, which are december 19th. maybe they want to influence or disrupt them. the third is the traditional north korea action to get attention. here we are. we've been out of the headlines, middle east, gaza, rockets there, we're back. and this is what we're capable of doing. those are the three potential reasons that i see. one most likely being kim jun jung-il. he wants to show his people that he governs a powerful nation that wants...
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>> this was ryan's first speech since the election. both he and rubio seemed to be talking about how the republican party needs to be a party that's more inclusive, helping those in the lower associatio economic levels to rise up and prove their standing. both of them, ryan specifically talked about how he was proud of the campaign and that he mitt romney ran this past year. both men seemed to be critical of romney's controversial comments that 47% of the nation is beholding of the government and feels that the government is responsible to take care of them. take a listen to what both men said. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to the aspirations and the anxieties of every american. >> i've heard it suggested that the problem is that the american people have changed. too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents ha
>> this was ryan's first speech since the election. both he and rubio seemed to be talking about how the republican party needs to be a party that's more inclusive, helping those in the lower associatio economic levels to rise up and prove their standing. both of them, ryan specifically talked about how he was proud of the campaign and that he mitt romney ran this past year. both men seemed to be critical of romney's controversial comments that 47% of the nation is beholding of the...
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. >> and this man, i did not realize we elected vampire to the senate. >> we didn't. this is william henry harrison. john tyler, 10th president had the most children, would you like to guess how many. >> 425. >> 14. >> 14. all right. who is this? >> our 18th president you lisses s grant. >> what does the s stand for. >> that's a great question. >> thank you. >> this doesn't seem fair. why does fdr get to sit down. >> i can lick him. >> you cannot. >> we're wearing almost the compaq same suit and tie t would be like licking myself. >> something i've also dreamed of doing. >> that i don't mind but not ronald reagan. >> i don't mind it either but all the hot-- isn't bringing that around. all right. i'm from the future. got to get out. >> can i lick him. >> no, please don't. >> why, you seem pretty up set just now. before you said no, now you seem up set. >> i'm getting up set. >> you're getting up set. why, why is this one so special, why does it up set you to ask if i can lick lincoln. >> you can't lick any of our wax figures. >> but this is the one that somehow broke t
. >> and this man, i did not realize we elected vampire to the senate. >> we didn't. this is william henry harrison. john tyler, 10th president had the most children, would you like to guess how many. >> 425. >> 14. >> 14. all right. who is this? >> our 18th president you lisses s grant. >> what does the s stand for. >> that's a great question. >> thank you. >> this doesn't seem fair. why does fdr get to sit down. >> i can lick...
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caller: i think we have to bend a lot because he won the election. but we are spending where we do not have money. yes, we have to bend it. i am truly a republican. i believe in our philosophy. most of the time, now 100%. i vote republican because they believe we should work for a living and not be handed out. if president obama thinks he deserves 100%, he is so wrong. he is not american. he is just not for us. it is always funny to me. i listen to you and you are great. when i listen to you, i think you the more to the left. it is amazing how i can think you lean left and democrats think you link to the right. i love you anyway. you are great. host: thank you for the call. we want to hear from both sides on all of the issues we bring up. a few other stores we want to point out this morning. the chicago tribune has this story. one other story, i want to point out some of for mentioned above the inauguration coming out. this from "the washington post." that is some information about the inauguration in january. we have a few minutes left in this segme
caller: i think we have to bend a lot because he won the election. but we are spending where we do not have money. yes, we have to bend it. i am truly a republican. i believe in our philosophy. most of the time, now 100%. i vote republican because they believe we should work for a living and not be handed out. if president obama thinks he deserves 100%, he is so wrong. he is not american. he is just not for us. it is always funny to me. i listen to you and you are great. when i listen to you, i...
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just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becoming clear to
just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing...
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after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our deficit and strengthen our economy for the long-term. the question is whether we can do it in a responsible way that allows us to keep investing in the things that have always made america strong. i'm convinced we can. and if both sides are willing to compromise, i believe we can give businesses and families a sense of security going into the new year. thanks, and have a great weekend. >> hello, i'm marco rubio. i have the honor of representing florida in the united states senate, and the privilege of addressing you today on behalf of my fellow republicans. our middle class has made america diff
after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our deficit and strengthen our economy for the...
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Dec 8, 2012
12/12
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in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agree with him or not, he was doing wt he thought was best for south carolina and the united states. at the end of the day, that's as good as it gets. because if you're doing what you really believe in and you're not worried about being the most popular and people getting mad ought, then
in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector....
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Dec 6, 2012
12/12
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when you invest all your options into an election and you are convinced you are going to win that election and that is based on your view of social policy and you lose to a guy that many feel has not earned the trust and re-election of the american people because he made many promises that he didn't come close to meeting the obligations of. but still the american people voted him back in power. it is okay to listen to people. you do not want the republican party to be prevalent. you need to hold the democrats accountable. boehner is showing tough leadership. new ways to compromise and to work with this president. host: so the freedom works. there was a statement about running people against republicans in the house who may compromise. grover norquist has been outspoken. is the right anger with the gop leadership fair? guest: we see that in both parties. sometimes we cannot understand all the pieces to see what is at stake. what boehner is showing is wisdom. he is thing about the party and the country of the future. do you think the speaker of the house would do something to destroy his bas
when you invest all your options into an election and you are convinced you are going to win that election and that is based on your view of social policy and you lose to a guy that many feel has not earned the trust and re-election of the american people because he made many promises that he didn't come close to meeting the obligations of. but still the american people voted him back in power. it is okay to listen to people. you do not want the republican party to be prevalent. you need to...
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Dec 9, 2012
12/12
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it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an interesting twist to find revenue. host: our next caller is mark from san diego. good morning. go ahead, mark. caller: vision are really blame the president for all these problems because the walked into it. he's doing a good job. he does need to let him do what he does and it will be all right. host: politico as information on who benefited most. any information? guest: where bogus. what is going happen next in the future. host: speaking of profits, who is profiting on the discussion of the debt ceiling in the fiscal cliff? guest: p.r. firms, law firms, lobbyists. they're trying to make this
it would take the wealth out of the election and it would make elections less expensive. it would be something you could apply to the dead or given back to the government to that 50%. it would fund some of these programs. guest: that's an idea i have not heard of but it would be an interesting proposal, especially the idea that there would open up the tax code and there aren't there -- there are different codes in the irs of there would have to be legislative action. that could be an...
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Dec 4, 2012
12/12
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as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to washington will be used there instead of new spending or broken spending programs. the lessons we look from that/ you need to find ways to dedicate the revenue projections and have enforcement mechanisms to make sure that any plan, all this proposal stay on track and are used for what they are intended to do, because there's not much trust if what you are linking it to is reducing the deficit. >> you can continue to what's this event online at c-span.org. we are leaving now as the house is gambling in for what will likely be a short
as an elected official. i think these things which are tied specifically to benefits that people can see and can grab onto, are much easier to do, and that there is some opportunity in this debate to do that. >> can i make a quick point, based on research, which is are people willing to pay higher taxes to reduce the deficit? it turns out that overall people are with one areif, if they feel certain it will go to reduce the deficit. there is a little trust that revenues that go to...
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Dec 5, 2012
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the midterm election. hopefully this is the beginning of a good productive legislation's been iq made headlines to say go-ahead extend the tax cuts and later fight to extend for wealthier americans. does that change your position? >> what is the right thing to do but the two sides agreed they don't to raise taxes on 98% we should agree to take them out of the line of fire. awac surely come to our side but if they are worried politicians that they don't have confidence that is what they will focus on and this is a democratic point* of leverage. so let's take it off the table. and it is not contradiction it is sensible i hope you will do it. >>host: how many people agree? >> i have no idea. the whole idea came before thanksgiving to have the deputy whip meeting with my friend mccarthy to solicit opinions. then we have a larger discussion with the entire team and you guys are pretty smart it was leaked then is a sensation with a tactical question and the right thing to do. >>host: have you spoken with speaker
the midterm election. hopefully this is the beginning of a good productive legislation's been iq made headlines to say go-ahead extend the tax cuts and later fight to extend for wealthier americans. does that change your position? >> what is the right thing to do but the two sides agreed they don't to raise taxes on 98% we should agree to take them out of the line of fire. awac surely come to our side but if they are worried politicians that they don't have confidence that is what they...
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Dec 5, 2012
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following the election. that year following president bush's re-election, 23 judicial nominations that were pending either on the senate executive calendar or on the judiciary committee were returned to the president when the congress adjourned in december. today's vote, the second post-election judicial confirmation, is somewhat of a milestone for president obama. it is the 100th judicial confirmation during this congress. that happens to be the same number of confirmations during president bush's first term when the democrats controlled the senate and shared the judiciary committee. i have heard the chairman rightfully take pride in that accomplishment. today we match that record, so i think that the continued complaints we hear about how unfairly this president has been treated are, in fact, unfounded. despite our cooperations, we continue to hear the other side argue that since the president won re-election, we shouldn't follow past practices, but rather we should confirm a large number of nominations du
following the election. that year following president bush's re-election, 23 judicial nominations that were pending either on the senate executive calendar or on the judiciary committee were returned to the president when the congress adjourned in december. today's vote, the second post-election judicial confirmation, is somewhat of a milestone for president obama. it is the 100th judicial confirmation during this congress. that happens to be the same number of confirmations during president...
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Dec 5, 2012
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with sweep the election and gain control of the entire legislative branch of government in one election. here we see how the senate was specifically designed to prevent the tyranny of the majority. in federalist papers 66, madison, the father of the constitution, continues his explanation of the unique role of the senate, the unique role of the senate. quote -- "there are particular moments in public affairs when the people, stimulated by some irregular passion or some illicit advantage or misled by the miss representation of interest in men may call for measures which they themselves will afterwards be the most ready to lament and condemn. in these critical moments, house salutary will be the interfere ebbs of some temperate and respected body of citizens in order to check the misguided career and to suspend the blows meditated by the people against themselves until reason, justice and truth can regain their authority over the public mind." end of quote. now, i want you to contrast these quotes from madison and his role as the father of our constitution, says the constitution is intend
with sweep the election and gain control of the entire legislative branch of government in one election. here we see how the senate was specifically designed to prevent the tyranny of the majority. in federalist papers 66, madison, the father of the constitution, continues his explanation of the unique role of the senate, the unique role of the senate. quote -- "there are particular moments in public affairs when the people, stimulated by some irregular passion or some illicit advantage or...
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Dec 10, 2012
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you looked at the hostage crisis it was resolved when the ron reagan was elected. you read the biographies of the hostage-takers, they act like a cowboy. their release the hostages the moment he was sworn in. it's not that well-known, but the soviets were taken hostage at their embassy at the same time. the soviets threatened to bomb tehran. their hostages were let go. it's also important to note that the iran-iraq board came to an end when the u.s. mistakenly shot down an iranian civil airline. the iranians thought, well, the u.s. is going to get into this war no-holds-barred and the ayatollah made a speech. during the poisoned chalice. the cards were such that he had to simply take the best deal he could. that recommending they bond in iranian airline. on to say their is a lesson there. they backed down in the face of a credible threat of force. at the same time, if you were the iranians your thinking to yourself, well, what can i learn from the example of india and pakistan? they detonated a nuclear bombs. sanctions imposed on them for a while. a few years later
you looked at the hostage crisis it was resolved when the ron reagan was elected. you read the biographies of the hostage-takers, they act like a cowboy. their release the hostages the moment he was sworn in. it's not that well-known, but the soviets were taken hostage at their embassy at the same time. the soviets threatened to bomb tehran. their hostages were let go. it's also important to note that the iran-iraq board came to an end when the u.s. mistakenly shot down an iranian civil...
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Dec 6, 2012
12/12
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and that was before this last election cycle, when in election after election we saw super pacs funneling vast fortunes into primaries for the presidency, into senate races, into house races, funneling them in with nobody knowing where the money came from. now, some of the contributors of those super pacs they did disclose that they contributed to the super pac. they bragged about it. but when the money went from the supesuper pac to the state, noby knew where the money came from. so it was an tac by vast pools of dark moafnlt i tell you this, if we had had the talking filibuster and fecks had had to rise up -- and folks had had to rise up on this floor and defend these donations, then we would have gotten the 60th vote and we would have a much better system today. or how about pay equity for women? how about pay equity? i think we would have had the public weigh in, if they could have seen it was being torpedoed by the silent, hidden filibuster. now, there are folks -- i've heard them over the last few weeks -- say, oh, this strategy of asking people to talk is a way to suppress the view
and that was before this last election cycle, when in election after election we saw super pacs funneling vast fortunes into primaries for the presidency, into senate races, into house races, funneling them in with nobody knowing where the money came from. now, some of the contributors of those super pacs they did disclose that they contributed to the super pac. they bragged about it. but when the money went from the supesuper pac to the state, noby knew where the money came from. so it was an...
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Dec 10, 2012
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get election. two-and-a-half to throw a harder line on immigration, and it have to draw a harder line on latino voters overall? >> one thing that is, well, i get a lot of questions from people outside of arizona all the time that involves the first question which is what is wrong with arizona? particularly with arizona politics. one thing i have to tell individuals is we have a unique election system specifically with clean elections. you can get matching dollar for dollar contributions from the state of arizona should you be going up against a well-financed candidate would've been a primary or general election. and this has dramatically shifted the type of republicans that are now being elected to arizona state legislature. now with clean elections, rather than having to appeal to certain -- chamber of commerce intercept them what i call the country club republican, you go to state of arizona and be an ideologue and get matching dollar for dollar, so your moderate business-oriented republicans hav
get election. two-and-a-half to throw a harder line on immigration, and it have to draw a harder line on latino voters overall? >> one thing that is, well, i get a lot of questions from people outside of arizona all the time that involves the first question which is what is wrong with arizona? particularly with arizona politics. one thing i have to tell individuals is we have a unique election system specifically with clean elections. you can get matching dollar for dollar contributions...
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Dec 8, 2012
12/12
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i would note that the president was in cam cambodia after the election, and then he was in burma, and secretary clinton moves throughout the region as well as secretary panetta, and the amount of activities i do and my forces do is a prompt jump than what we did in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already, and that's viz l to the allies. i think it's visible to the partners, and i feel it visible to the region. we oftenment to jump to, well, where's the next aircraft carry your or the submarine. that's the signal. we will, over time, as you've heard secretary panetta say, rebalance towards the pacific, and i mentioned opening remarks. we're rapidly moving the most capable assets into the region because of the ballistic missile defense threats we face and those things, so it's about a holistic approach, and what i do on the military side is just one aspect of it. it's got to be tie into the economic side, what's happening in the diplomatic side, and so we're working hard that accomplishes this strategy. >> a quick ques
i would note that the president was in cam cambodia after the election, and then he was in burma, and secretary clinton moves throughout the region as well as secretary panetta, and the amount of activities i do and my forces do is a prompt jump than what we did in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already, and that's viz l to the allies. i think it's visible to the partners, and i feel it visible to the region. we oftenment to...
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Dec 4, 2012
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international relationship, i don't think that that kind of thing -- >> what matters is japan does have election on the summer 16th. are they worried about china trying to put together a leader democracy in the region including india because that was his strategy that if you put together things, much more like your when you think, i know you can't in your position talk one way or another about prime minister but this notion about a strategic -- is japan really need to invest in structures that balance -- are you worried that given your experience you have to balance china much more vigorously than you did in the past? >> yes. most frequently you ask question for japanese people is whether we regard china as a threat or a chance for an hour and should is would like to see china development as a chance rather than threat. >> what you think will really happen? >> there is a assumption that china continues to be kind of international stakeholder, stakeholder, international community. international order and they respect the communication with the other countries. on the assumption i think we can wel
international relationship, i don't think that that kind of thing -- >> what matters is japan does have election on the summer 16th. are they worried about china trying to put together a leader democracy in the region including india because that was his strategy that if you put together things, much more like your when you think, i know you can't in your position talk one way or another about prime minister but this notion about a strategic -- is japan really need to invest in structures...
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Dec 7, 2012
12/12
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this comes the month after the election. right? >> right. >> if this had come before the election. whoa, obama would have won. >> he is going to win reelection now that these numbers are out. >> if jack welch is apoplectic about the other number what would he have thought about this? how would mitt romney spin this as bad news? he would find some way. >> one thing, you mentioned hurricane sandy, in the labor department's numbers they released, they did mention hurricane sandy did not substantively impact jobs data. they pointed that out. >> that shows a lot of economists don't have a clue what they are talking about. >> get out. >> nice to have been working with you. that was the expectation. >> i understand where that would come from. you know there was tremendous dislocates. a lot of people could not get to work. right? mayor their jobs maybe didn't exist any more. all of those businesses along the coast didn't just close their door for a day or two. they were wiped out. >> a lot just didn't hire people but actually laid people off. >> right. business people weren't shopping. sto
this comes the month after the election. right? >> right. >> if this had come before the election. whoa, obama would have won. >> he is going to win reelection now that these numbers are out. >> if jack welch is apoplectic about the other number what would he have thought about this? how would mitt romney spin this as bad news? he would find some way. >> one thing, you mentioned hurricane sandy, in the labor department's numbers they released, they did mention...
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Dec 7, 2012
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>> the election, you know, the election, seems to me it was a rejection of denialism, extremism, of intolerance. the heritage foundation represents all of those, and i think heritage was influential, really, in the reagan years, maybe a little bit in the bush years. but it's lost some of its luster. partly because the republican brand is staina stained brand with a shrinking base. >> let's hope it's lost some of its luster. do you think, though that someone like jim demint again, newly fired up and perhaps now on a mission could restore the luster of something like the heritage foundation? >> you know i don't see a new -- him newly fired up. i see him newly expelled. he took himself out of the running but, you know, look at what's happened. all of what he stood for has been rejected. obamacare is the law of the land. he fought against that very hard. he fought against reproductive rights. he fought against gay rights. he fought against immigrant rights and coming out of this election, you had marriage quality and a rebuke to todd aiken, the senator who spoke about legitimate rape a man senator
>> the election, you know, the election, seems to me it was a rejection of denialism, extremism, of intolerance. the heritage foundation represents all of those, and i think heritage was influential, really, in the reagan years, maybe a little bit in the bush years. but it's lost some of its luster. partly because the republican brand is staina stained brand with a shrinking base. >> let's hope it's lost some of its luster. do you think, though that someone like jim demint again,...
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Dec 5, 2012
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when they say we got re-elected. you got re-elected during gerrymandering. had nothing to do with anything else. but when you're talking about the disabilities issue the reason that the republicans don't want that is because that puts into place where there's actual regulation. employers have to make modest accommodations and hire people and they can't discriminate against them. that's the biggest issue. look what they're doing now adjusting for the fiscal cliff. they've said hey let's cut benefits for disabled veterans. >> stephanie: it is amazing. you're right about them saying oh, you know, americans voted for a republican house. no they didn't. a million more people voted for democrats than republicans. >> gerrymandering. >> stephanie: this is not a mandate for more obstructionism. >> a case where the republicans are supporting multinationals -- you hear a lot of clamoring about small business. this is a party that is about multinational corporations. bp and large companies that don't really operate within the united states and a treaty like this would t
when they say we got re-elected. you got re-elected during gerrymandering. had nothing to do with anything else. but when you're talking about the disabilities issue the reason that the republicans don't want that is because that puts into place where there's actual regulation. employers have to make modest accommodations and hire people and they can't discriminate against them. that's the biggest issue. look what they're doing now adjusting for the fiscal cliff. they've said hey let's cut...
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Dec 7, 2012
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we just experienced a $2 billion election, the most expensive presidential election ever. the president spent about $1.12 billion, the romney team about $1.02 billion. this from new fec filings just south. this does not include donations from mega donors like sheldon adleson and his wife together they spent about $90 million. outrage in michigan today as republicans have pushed through right to work legislation that says that union membership and dues cannot be a condition of employment. democrats say republicans are using the lame duck session to jam through laws without giving the public a chance to weigh in. they are less likely to have pensions and health benefits than i i i i i i i i i i i i i i i i i i i i i i i i i i i you know who's coming on to me now? you know the kind of guys who do like verse mortgage commercials? those types are coming on to me all the time now. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> you would rather deal w
we just experienced a $2 billion election, the most expensive presidential election ever. the president spent about $1.12 billion, the romney team about $1.02 billion. this from new fec filings just south. this does not include donations from mega donors like sheldon adleson and his wife together they spent about $90 million. outrage in michigan today as republicans have pushed through right to work legislation that says that union membership and dues cannot be a condition of employment....
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Dec 7, 2012
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after the election. wrong. [ buzzer ] >> stephanie: wrong. >> the bathroom scale revises my numbers upward every time i step on it. >> stephanie: it's a conspiracy exactly. oh, by the way, i understand the other thing that is working, jim, obamacare. [ bell chimes ] [ applause ] >> stephanie: chris, i think almost primarily just from my show jacki schechner clearly is leaking brain fluid. >> or snot. >> stephanie: she is like you. she is highly suggestionable jim. remember the morning that you had the ectopic pregnancy. >> it turned out to be gas. >> stephanie: jacki schechner called me this morn and she was like [ mumbling ] >> stephanie: okay. i thought it was my friend lily tomlin doing edith ann. all right, kids -- why are you looking so distressed this morning, have i made you sick as well? >> no, no. i'm just trying to put out a fire over here. >> stephanie: oh, okay. and what did he learn about t-bone yesterday? >> he has the esophagus of a cat, and the longest esophagus in the world. >> stephanie
after the election. wrong. [ buzzer ] >> stephanie: wrong. >> the bathroom scale revises my numbers upward every time i step on it. >> stephanie: it's a conspiracy exactly. oh, by the way, i understand the other thing that is working, jim, obamacare. [ bell chimes ] [ applause ] >> stephanie: chris, i think almost primarily just from my show jacki schechner clearly is leaking brain fluid. >> or snot. >> stephanie: she is like you. she is highly suggestionable...
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Dec 10, 2012
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] >> stephanie: that brings me to the election is over. mitt romney remains the most awkward man in the world. did you see? did you see this story? how do you say this guy's name? >> manny. >> stephanie: i don't keep up with the boxing. so the boxing match. he should know better than to meet with mitt before the fight because he got loser on his -- he got knocked out many times. >> surprise loss. >> was out for 2:00. we were worried for his health. >> like dick morris. >> stephanie: who goes yes, i would love to meet mitt romney and then he touched him. he got loser all over him! [ wah wah ] >> stephanie: "the new york times" described the surreal exchange. in came mitt romney. yes, that mitt romney. former governor of massachusetts. every hair on his head in place romney came in twice. his introduction was at once awkward and hilarious. hi manny i'm mitt romney. i ran for president. i lost. [ wah wah ] >> okay. >> who says that? >> stephanie: he doesn't think -- >> wait a minute. >> i'm getting loser dust all over you. >> god. >> stephani
] >> stephanie: that brings me to the election is over. mitt romney remains the most awkward man in the world. did you see? did you see this story? how do you say this guy's name? >> manny. >> stephanie: i don't keep up with the boxing. so the boxing match. he should know better than to meet with mitt before the fight because he got loser on his -- he got knocked out many times. >> surprise loss. >> was out for 2:00. we were worried for his health. >> like...
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Dec 3, 2012
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[ ♪ "jeopardy" theme ♪ ] we won an election. and the president ran on -- the president ran on everything that he is proposing. >> that's not an answer to my question. have you told your listeners that timothy geithner is proposing to the republicans -- >> stephanie: right, the president just won in a landslide. he won in an electoral landslide on the same priorities. >> still not an answer, stephanie. >> stephanie: have you told your listeners that the budget proposal? >> no. >> it is great radio. >> stephanie: could he be more irritating? >> you're not listen doing me. [farting sounds] >> i'm commandeering your radio show. >> have you told your listeners blah blah, blah, blah, blah. >> stephanie: as the president said even people that didn't vote for him agree with him on the budget priority. [ ♪ hypnotic ♪ ] >> stephanie: you can distract me. i'm sorry. i apologize. apologize for being so immature. in my head, it felt like -- [ ♪ hypnotic ♪ ] >> that's what it sounded like to every listenerring so it's close. >> you're
[ ♪ "jeopardy" theme ♪ ] we won an election. and the president ran on -- the president ran on everything that he is proposing. >> that's not an answer to my question. have you told your listeners that timothy geithner is proposing to the republicans -- >> stephanie: right, the president just won in a landslide. he won in an electoral landslide on the same priorities. >> still not an answer, stephanie. >> stephanie: have you told your listeners that the...
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and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after the break. we will be right back. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer
and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be...
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and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good opportunity to elevate my gain. neil: did this is anything to do with you becoming a skunk at your own party's picnic, a lot of tea party's frustrated on what appears to be a hatchetting of tea party types in the house that tapper tarp that brought, -- tea party that brought your party to majority in the house. >> sense -- the senate is different, now i'm in senate with pat tumi and marco rubio, and soon to be ted cruz. neil: you are in a bigger minority now. you are not feeding the beast i'm throwing at you. there is a riff, that everyone is, you saw this page, that everyone is
and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good...